Essex Property Trust, Inc.
ESSEssex Property Trust, Inc. (ESS) is a Real Estate company that currently yields 3.54% — trading near fair value based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $230.34 and the overvaluation threshold at $335.35. Essex Property Trust, Inc. holds a quality score of 28/100 (Risky), reflecting 25 consecutive years of dividend growth with a 116% payout ratio. The 5-year dividend CAGR stands at 4.1%.
ESS Dividend Yield History — Weiss Valuation
Distance to undervalued
Waiting for a better entry
Needs about 21.0% downside to reach the Weiss buy zone
Undervaluation starts near $230.34, where the annual dividend would imply roughly 4.48% yield. That is 0.94% above today's yield.
Buy-zone price
$230.34
Target yield
4.48%
Research checklist
What to clear before buying the yield
Updated Jul 9, 2026
Dividend durability
25YLong dividend history supports a deeper look.
Earnings payout
116%Coverage deserves a closer look in filings.
Cash payout
68%Free cash flow coverage supports the payment.
Dividend growth
4.1%Recent growth adds income compounding potential.
What changed
What changed since the last update
2026-07-08 → 2026-07-09
Price
-2.3%$298.32 → $291.58
Price fell 2.3% since the prior snapshot.
Why Now?
Essex Property Trust, Inc. is trading at a fair valuation relative to its dividend history.
Current yield 3.5% vs historical max 4.6% (76% of maximum).
Recent dividend history shows no sustained growth streak.
Elevated payout ratio of 116%.
What matters now
Read the signal before the headline yield
Valuation is neutral here: quality has to do more of the work than entry price.
The 28/100 quality score says the headline yield needs extra skepticism.
The earnings payout ratio is above 100%, so coverage is the first risk to unpack.
ESS Dividend Income Projection — DRIP Compounder
Dividend Compounder (DRIP)
Year 1 Income
$368
Year 10 Income
$776
Yield on Cost
8.17%
Total Income
$5,445
Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.
Track actual vs. projected
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Dividend income log · Yield on cost · DRIP cost basis · Tax reports
More research
Full price history & technical analysis
TradingView ↗Fundamentals, valuation & analyst ratings
FinViz ↗Moat rating & analyst fair value
Morningstar ↗Track dividends received & tax reports
Sharesight ↗ESS Dividend Quality Score
Quality Score
Risky
Key Metrics
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In-depth analysis
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